An order signed by Trump on June which temporarily banned H-1B & L-1 visas, caused a negative impact to the valuation of Fortune 500 firms, Brookings Institute said in a report.
US Department of Homeland Security said data shows more than half-a-million H-1B nonimmigrants have been used to displace US workers, leading to reduced wages & stagnation of wages.
At a FICCI event, Indian Ambassador to US Taranjit Singh Sandhu says a ‘mini’ trade deal is needed to achieve full potential of trade and business ties between both the countries.
The lawsuit seeks an order declaring the presidential proclamation restriction on issuing new H-1B or H-4 visas or admitting new visa holders of these categories as unlawful.
CEO Rajesh Gopinath's remarks were among the strongest public rebukes from India’s $181 billion IT industry since Donald Trump’s decree to halt approvals for visas.
Infosys brought back employees whose work visas had expired or were awaiting renewal amid concerns that the US might not renew them after the H-1B visa freeze.
About 375,000 temporary visa-holders & Green Card applicants are banned from entering US until next year. A significant number of those are now stuck in India.
Outsourcing companies are dealing with the unpredictability of the visa situation and the prospect that a H-1B revamp could severely limit sending talent overseas.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
COMMENTS